Readily convertible assets | AccountingWEB

Readily convertible assets

Where shareholder gifts shares to an employee in private company, how is it determined if they are RCAs?

The agreement in place is if the employee leaves the company before the shareholder, who originally gifted the shares then he will forfeit them(ie return them for free)

Would this constitute an RCA and therefore be liable to NI?

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HMRC commentary

Exector |